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Gold/Mining/Energy : Bombardier, maker of planes and trains and other things -- Ignore unavailable to you. Want to Upgrade?


To: Gilbert Drapeau who wrote (1030)8/30/2002 3:09:59 PM
From: Gilbert Drapeau  Read Replies (1) | Respond to of 1177
 
Bombardier Receives an Order Worth $500 Million Cdn From
Metro-North Commuter Railroad in New York

MONTREAL, QUEBEC--AUGUST 30, 2002 - 14:37 EDT
Bombardier Transportation today announced that
it was awarded an order by Metro-North Commuter Railroad in New
York for the supply of 180 electrical multiple unit (EMU) commuter
cars to replace its M-1 commuter car fleet. Valued at $500 million
Cdn ($320 million US), the order calls for the design, manufacture
and delivery of new M-7 commuter cars.

Commenting on today's announcement, William Spurr, President of
Bombardier Transportation, North America, said "Bombardier is
extremely pleased to supply these new railcars to Metro-North
Commuter Railroad. With the completion of this order, Bombardier
will have provided all Metropolitan Transportation Agencies (MTA)
with top quality passenger rail equipment. This order once again
confirms Bombardier's position as the leading supplier of
passenger rail equipment in New York and North America as a whole.
We commend the MTA on their decision to combine the rolling stock
needs of both MTA commuter railroads and look forward to helping
the MTA achieve their goal to better serve their customers." The
MTA together are the largest commuter railroad network in North
America, serving more than 500,000 riders every weekday.

With the execution of this option, the M-7 contract now totals 858
cars including 666 option cars. If all future options are
exercised, the entire contract would total 1,266 M-7 cars. The
M-7 fleet is serving the needs of the MTA commuter railroad
agencies, the Long Island Rail Road and Metro-North Commuter
Railroad. Should all options be exercised, the total contract
would be valued at $2.89 billion Cdn ($1.85 billion US).

The M-7 stainless steel carbodies will be built at Bombardier's La
Pocatiere, Quebec plant with final manufacturing and assembly at
the Plattsburgh, NY plant. Manufacturing will begin early next
year and deliveries to Metro-North Commuter Railroad are scheduled
for early 2004.

The M-7 vehicles will use state-of-the-art technology, including
IGBT propulsion, energy efficient dynamic braking, on-board
monitoring and diagnostic systems. The total vehicle design is
focused on optimizing customer safety and comfort while ensuring
excellent train performance and reliability.

In North America, Bombardier Transportation is the undisputed
leader in high-speed rail, commuter rail, light rail, automated
rapid transit and automated guideway transit systems. It also
maintains two of the largest bi-level commuter fleets in Canada
and the U.S.

Bombardier Transportation is the global leader in the rail
equipment, manufacturing and servicing industry. Its wide range
of products includes passenger rail cars and complete rail
transportation systems. It also manufactures locomotives, freight
cars, propulsion and controls and provides rail control solutions.

Bombardier Inc., a diversified manufacturing and services company,
is a world leading manufacturer of business jets, regional
aircraft, rail transportation equipment and motorized recreational
products. It also provides financial services and asset
management in business areas aligned with its core expertise.
Headquartered in Montreal, Canada, the Corporation has a workforce
of some 80,000 people in 24 countries throughout the Americas,
Europe and Asia-Pacific. Its revenues for the fiscal year ended
Jan. 31, 2002 stood at $21.6 billion Cdn ($13.9 billion US).
Bombardier trades on the Toronto, Brussels and Frankfurt stock
exchanges (BBD, BOM and BBDd.F).

PHOTO AVAILABLE VIA OUR WEBSITE



To: Gilbert Drapeau who wrote (1030)9/6/2002 12:17:56 PM
From: Gilbert Drapeau  Read Replies (1) | Respond to of 1177
 
Appointments at Bombardier

MONTREAL, QUEBEC--SEPTEMBER 6, 2002 - 11:34 EDT
Bombardier Inc. announced the following
appointments, effective today.

Michel Lord, currently Vice President, Investor Relations is
appointed Vice President and Special Advisor to the President and
Chief Executive Officer, Robert E. Brown. Mr. Lord will continue
to be involved with investor relations and will be assigned
special projects.

Rejean Bourque, currently Director, Corporate Finance, Treasury
Department, is appointed Vice President, Investor Relations. In
his new role, Mr. Bourque will be a member of the Disclosure
Policy Committee.

Bombardier Inc., a diversified manufacturing and services company,
is a world-leading manufacturer of business jets, regional
aircraft, rail transportation equipment and motorized recreational
products. It also provides financial services and asset management
in business areas aligned with its core expertise. Headquartered
in Montreal, Canada, the Corporation has a workforce of some
80,000 people in 24 countries throughout the Americas, Europe and
Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2002
stood at $21.6 billion Cdn. Bombardier shares are traded on the
Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and
BBDd.F).